Goods & Service Tax (GST) 2 November 2026
India GST Collections Surge 23% in October Amid Festive Demand
India's Goods and Services Tax (GST) collections rose 23% year‑on‑year to ₹2.31 lakh crore in October, buoyed by strong festive consumer spending. Meanwhile, Japan introduced stricter tax‑refund scans, India’s GST Council moved to de‑criminalise violations, and the Supreme Court upheld a High Court dismissal of a GST writ.
- GST boom: Collections jumped 23% to ₹2.31 lakh crore in October, driven by festive demand and robust domestic sales. Read more
- Japan tax‑refund rule: Travelers must scan passports at self‑service kiosks within 90 days of purchase to claim tax‑free refunds, tightening timing for shoppers. Details
- GST de‑criminalisation: The GST Council removed arrest powers and raised the penalty threshold, signalling a shift toward trust‑based governance. Full story
- No‑cost EMI myth: Advertising “zero‑cost EMI” often hides processing fees and GST on interest, increasing the true cost for buyers. Explore
- Supreme Court ruling: The Court declined to intervene in a High Court order that dismissed a GST writ, reinforcing lower‑court discretion on tax disputes. Read here
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